The global Internet of Things (IoT) in retail market size is expected to grow at good CAGR during the forecast period. IoT provides retailers opportunities for the development of an ecosystem that connects the physical and digital world. The retail industry has witnessed a wide utilization of connected products by adopting an integrated platform. Inconsistent IoT standards are expected to hamper industry growth and product development. Several devices from different manufacturers that perform same the functions may have fundamentally different data formats and potentially different touch-points, such as frequencies of generating that data, which further leads to a lack of interoperability. Rising security and privacy concerns are also expected to challenge the Internet of Things (IoT) in retail market growth over the next few years.
MARKET DYNAMICS
Increasing penetration of e-commerce platforms has enabled traditional retailers to become proficient at using connected technologies. Implementation of IoT in retail stores has allowed retailers to determine customers' profiles and their buying history by orchestrating with wearable devices. The proliferation of connected devices and the adoption of collective standards are contributing to the growth of IoT-enabled competencies across the retail industry.
MARKET SCOPE
The "Global Internet of Things (IoT) in Retail Market Analysis to 2028" is a specialized and in-depth study of the Internet of Things (IoT) in Retail market with a special focus on the global market trend analysis. The report aims to provide an overview of Internet of Things (IoT) in Retail market with detailed market segmentation by solution, and hardware. The global Internet of Things (IoT) in Retail market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Internet of Things (IoT) in Retail market player and offers key trends and opportunities in the Internet of Things (IoT) in Retail market.
MARKET SEGMENTATION
The global Internet of Things (IoT) in Retail market is segmented on the basis of solution, and hardware. On the basis of solution, market is segmented as hardware, and software. On the basis of software, market is segmented as Beacons, RFID tags, Sensors, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Internet of Things (IoT) in Retail market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Internet of Things (IoT) in Retail market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Internet of Things (IoT) in Retail market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Internet of Things (IoT) in Retailmarket in these regions.
MARKET PLAYERS
The reports cover key developments in the Internet of Things (IoT) in Retail market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Internet of Things (IoT) in Retail market are anticipated to lucrative growth opportunities in the future with the rising demand for Internet of Things (IoT) in Retail market. Below mentioned is the list of few companies engaged in the Internet of Things (IoT) in Retail market.
The report also includes the profiles of key Internet of Things (IoT) in Retail market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accenture
- Allerin Tech Pvt Ltd
- Bosch.Io
- Cisco
- IBM Corporation
- Impinj Inc
- Intel
- RetailNext Inc
- Sierra Wireless
- Software AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.